CCI urges shareholders to negate company's effort at controlling interest UNDATED (wnmu) - Cleveland Cliffs is asking shareholders to vote against a New York company's attempt to gain controlling shares in CCI. Harbinger Capital Partners currently has a 15- to 16-percent stake in Cliffs, and wants to gain around a 30-percent share in the company.

Dale Hemmila is CCI's District Manager of Public Affairs in Ishpeming. He says Cliffs officials think increasing Harbinger's stake is a bad idea for the company, which intends to merge in the coming months with Alpha Natural Resources, since a 30-percent share would give Harbinger control over strategic decisions.

CCI has sent a letter to its shareholders asking them to vote against Harbinger's proposal, and is holding a special shareholder's meeting October 3rd. Hemmila says both companies have sent out proxy statements in advance.
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